Word: icc
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Dates: during 1930-1939
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...North. Last week, before an Interstate Commerce Commission examiner in Buffalo, N. Y., the second battle in their campaign to remove these disparities came to an end. In Birmingham, Ala., three months ago, the South presented its side of the complex controversy; in Buffalo, the North had the floor. ICC will now ponder whose victory would be best for the U. S. as a whole...
...ICC approved a fee of $32,000 for SEC Commissioner Jerome Frank for 3,830 hr. and 45 min. work done as counsel to a trustee in the Missouri Pacific R. R. reorganization between 1935 and 1937. During his MOP service, Frank also counseled Government agencies. Now working full time for SEC at $10,000 a year, he says Government salaries should not be commensurate with private fees because Government jobs bring "inner satisfaction," outer prestige...
...Secretary of Agriculture Henry Wallace is that freight rates should rise in good times, fall in bad. Under the new AAA set up by Congress five months ago, he was authorized to create a division of transportation in the Department of Agriculture with power to plead before the ICC. Last week Secretary Wallace started the ball rolling by putting Dr. Ralph...
...Tossed a crumb to the starving railroads. Turning down a petition for a 10% rise in Pullman rates as "unreasonable," the Interstate Commerce Commission did consent to a 5% rise. This gave eastern roads new hope that ICC may look favorably on their renewed petition for higher coach passenger fares. Meanwhile last week, the railroad unions agreed to discuss the proposed 15% wage cut at a meeting July 20 and Class I roads as a group reported a net loss...
...Refused, then offered new hope of, aid to the stricken railroads. Congress adjourned without passing any railroad emergency legislation, but the Interstate Commerce Commission agreed to reconsider its recent 6-to-5 decision against allowing a basic coach-passenger fare-increase from 2? to 2½? a mile. ICC also approved a reorganization plan of Spokane International Railway and Coeur d'Alene & Pend d'Oreille Railway calling for the merger of the two. Total trackage of these two roads is 161 miles, but the event was a milestone: the first ICC approval of a Class I reorganization since...